22 Dec For each of the following transactions, indicate w
For each of the following transactions, indicate what is reported on the statement of cash flows and the section in which it is listed. Assume the indirect method is used to present the cash flows from operating activities.a.) Equipment costing $33,000 but with accumulated depreciation of $14,000 is sold for cash creating a reported gain of $5,000.b.) A note is signed at the bank on a $200,000 loan.c.) A building with a cost of $700,000 but a net book value of only $111,000 is destroyed by fire.d.) A new truck is acquired for $56,000 by signing a long-term note payable.e.) A new owner invests cash of $49,000 into the business in exchange for 10,000 shares of $1 par value common stock.f.) The first payment of $11,000 is made on the truck bought in problem 2(d). Of that total, $10,000 is paid on the note with the rest paid as interest.g.) A building costing $530,000 with accumulated depreciation of $170,000 is sold for cash at a loss of $15,000
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